Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Short Interest Update

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 280,500 shares, a decline of 18.1% from the March 31st total of 342,600 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average trading volume of 63,900 shares, the days-to-cover ratio is presently 4.4 days.

Hedge Funds Weigh In On Bioceres Crop Solutions

Several institutional investors and hedge funds have recently modified their holdings of the company. Activest Wealth Management acquired a new stake in shares of Bioceres Crop Solutions in the first quarter worth $30,000. Cape Investment Advisory Inc. bought a new position in Bioceres Crop Solutions during the 4th quarter valued at $33,000. One Degree Advisors Inc bought a new position in shares of Bioceres Crop Solutions in the 4th quarter worth about $291,000. Raymond James & Associates lifted its position in shares of Bioceres Crop Solutions by 4.9% in the 3rd quarter. Raymond James & Associates now owns 27,567 shares of the company’s stock worth $311,000 after buying an additional 1,300 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Bioceres Crop Solutions by 8.5% in the 3rd quarter. Federated Hermes Inc. now owns 141,684 shares of the company’s stock worth $1,600,000 after buying an additional 11,057 shares during the last quarter. Hedge funds and other institutional investors own 17.68% of the company’s stock.

Analyst Ratings Changes

Separately, Roth Mkm boosted their price target on shares of Bioceres Crop Solutions from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, February 9th.

Bioceres Crop Solutions Price Performance

BIOX traded up $0.02 on Monday, hitting $12.07. 17,716 shares of the company were exchanged, compared to its average volume of 59,516. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 1.24. The business’s fifty day moving average is $12.72 and its 200 day moving average is $12.55. Bioceres Crop Solutions has a fifty-two week low of $9.76 and a fifty-two week high of $14.20. The firm has a market capitalization of $758.00 million, a P/E ratio of 37.66 and a beta of 0.58.

Bioceres Crop Solutions (NASDAQ:BIOX) last issued its earnings results on Thursday, February 8th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. Bioceres Crop Solutions had a net margin of 4.36% and a return on equity of 5.96%. The company had revenue of $140.30 million for the quarter, compared to analyst estimates of $108.97 million. During the same period in the prior year, the business posted ($0.14) earnings per share. As a group, sell-side analysts anticipate that Bioceres Crop Solutions will post 0.45 EPS for the current year.

Bioceres Crop Solutions Company Profile

Bioceres Crop Solutions Corp., together with its subsidiaries, provides crop productivity solutions. It operates through Seed and Integrated Products, Crop Protection, and Crop Nutrition segments. The Seed and Integrated Products segment provides seed traits, germplasms, and seed treatment packs for healthier, and higher yielding crops.